Understanding the Annual audit Vietnam for FDI enterprises is essential for every foreign-invested company operating in Vietnam. Many investors assume audit is only required for large corporations. However, Vietnamese law clearly requires most FDI enterprises to conduct an independent audit every year, regardless of company size or revenue.

Moreover, audited financial statements are mandatory for submission to authorities and are a key condition for profit remittance, tax finalization, and license amendments. Therefore, knowing the audit obligations, timeline, and especially the audit cost will help foreign companies prepare better and avoid unnecessary risks.

This article explains the legal framework, required reports, common difficulties, and answers the key question: How much does audit cost for FDI company in Vietnam? At the same time, MVA Vietnam provides professional solutions to help your business comply easily and efficiently.

I. Legal basis for Annual audit Vietnam for FDI enterprises

Which FDI enterprises must conduct annual audit?

The requirement for Annual audit Vietnam for FDI enterprises is regulated under:

• Law on Independent Audit 2011
• Law on Accounting 2015
• Decree 17/2012/ND-CP
• Circular 200/2014/TT-BTC and Circular 133/2016/TT-BTC

According to these regulations, enterprises with foreign investment capital must have their annual financial statements audited by a licensed independent audit firm in Vietnam.

In addition, audited reports must be submitted to:

• Tax Department
• Department of Planning and Investment (DPI)
• Statistics Office
• Parent company overseas (if required)

As a result, audit is not only a compliance procedure but also a legal requirement for many corporate activities of FDI enterprises.

You might not know >>FDI Audit Services In VietNam

II. Which FDI enterprises must conduct annual audit?

In practice, nearly all foreign-invested entities fall under the Annual audit Vietnam for FDI enterprises obligation, including:

• 100% foreign-owned companies (FDI LLC, JSC)
• Joint venture companies
• Branches of foreign traders in Vietnam
• Companies applying for profit remittance abroad
• Companies involved in capital transfer, M&A, or dissolution
• Newly established FDI companies from the first fiscal year

However, many investors are surprised to learn that even small FDI companies with low revenue must still be audited. This is a key difference compared to Vietnamese SMEs, which may be exempt.

Therefore, company size does not determine audit obligation for FDI enterprises.

III. What reports are required in the annual audit?

Under the Annual audit Vietnam for FDI enterprises regulation, auditors will review the full set of financial statements prepared under Vietnamese Accounting Standards (VAS), including:

• Balance Sheet
• Income Statement
• Cash Flow Statement
• Notes to Financial Statements
• Accounting books and general ledger
• Tax finalization reports
• Payroll, insurance, and labor records
• Invoices, contracts, and bank statements

Moreover, auditors also check the consistency between accounting records and tax declarations throughout the year.

At the same time, if the accounting system is not properly maintained according to VAS, the audit process may become complicated and time-consuming.

IV. How much does audit cost for FDI company in Vietnam?

One of the most common questions related to Annual audit Vietnam for FDI enterprises is the audit fee.

In reality, audit cost depends on many factors, not just company size.

Main factors affecting audit cost:

• Number of transactions during the year
• Revenue scale and business complexity
• Quality of accounting records
• Industry (trading, manufacturing, service, construction…)
• Number of invoices and bank transactions
• Internal accounting system readiness

Reference audit fee table

Company type	Estimated audit cost (VND/year)
Small FDI company (few transactions)	12 – 18 million
Medium FDI company	18 – 30 million
Manufacturing / high transaction volume	30 – 50 million
Large-scale FDI enterprise	50+ million

However, if accounting books are messy or incomplete, audit firms may charge additional fees for data cleaning and reconciliation.

Therefore, maintaining proper accounting during the year helps reduce audit cost significantly.

V. Common issues FDI enterprises face during audit

Although the Annual audit Vietnam for FDI enterprises is mandatory, many companies encounter problems such as:

• Accounting not following Vietnamese standards
• Missing supporting documents and invoices
• Incorrect tax declarations during the year
• Differences between accounting books and tax reports
• Internal accountants not familiar with audit preparation
• Lack of communication with auditors due to language barriers

Consequently, these issues often delay the audit process and increase service costs.

Moreover, many foreign directors only realize these problems when the audit starts, leaving very little time to fix errors before the deadline.

VI. How MVA Vietnam supports Annual audit Vietnam for FDI enterprises

MVA Vietnam specializes in accounting and audit support for foreign-invested companies. We understand clearly the Annual audit Vietnam for FDI enterprises and provide full assistance before, during, and after the audit.

Our services include:

• Reviewing accounting books before audit
• Cleaning and reconciling accounting data
• Preparing full audit documents
• Working directly with licensed audit firms
• Explaining issues to auditors in English and Vietnamese
• Ensuring audit completion before March 31 deadline
• Advising post-audit tax and accounting adjustments

Furthermore, we help businesses build an accounting system that is always audit-ready, reducing stress every audit season.

As a result, foreign companies save time, reduce costs, and avoid penalties.

6.1 Why choose MVA Vietnam for audit support?

FDI enterprises choose MVA Vietnam because:

• Extensive experience with foreign companies
• Strong understanding of Vietnamese audit regulations
• English-speaking consultants
• Transparent service pricing
• Close cooperation with reputable audit firms
• Commitment to deadlines and legal compliance

At the same time, we do not only work during audit season. We support your accounting and tax system throughout the year to ensure smooth audits every year.

VII. Conclusion

Complying with the Annual audit Vietnam for FDI enterprises is a legal obligation that all foreign-invested companies must follow. Moreover, understanding the audit process and cost helps businesses prepare better and avoid unnecessary complications.

Although audit may seem complex, proper preparation and professional support make the process fast and efficient. With MVA Vietnam’s expertise, your company can confidently meet all audit requirements on time and in full compliance.

CTA – Contact MVA Vietnam for audit support

If you are looking for support with the Annual audit Vietnam for FDI enterprises or want to know exactly how much does audit cost for FDI company in Vietnam, contact MVA Vietnam today.

MVA VIETNAM ACCOUNTING AND AUDITING COMPANY LIMITED

Address: LK3 – 04, Loc Ninh urban area, TT. Chuc Son, H. Chuong My, City. Hanoi

Phone: 024.7109.7766 (keys 5) – Hotline: 0329.199.983

Wechat: 0329.199.983

Email: quynt.mva@gmail.com